$3.8B in Crypto Transactions Tied to Iran Flowed Through Coinex

WHO:

Cointelegraph - 60 sanctioned Iranian entities were involved in the transactions.

Techmeme - Iran's central bank is linked to some of the wallets involved.

WHAT:

NewsBTC - TRM Labs stated that CoinEx processed $3.84 billion in Iran-linked crypto flows, raising concerns about the exchange's compliance and sanctions screening.

Cointelegraph - $3.8 billion was moved through CoinEx by Iranian entities.

Techmeme - Over $3.84 billion in transactions have been traced through CoinEx since 2019.

WHERE:

Cointelegraph - The transactions occurred through the crypto exchange CoinEx.

WHEN:

Techmeme - The transactions have been ongoing since 2019.

WHY:

Cointelegraph - The exchange’s 8% share of illicit transactions was noted to be substantially higher than its counterparts.

HOW:

Techmeme - The analysis was based on public blockchain data conducted by TRM Labs.

(UPDATED June 25, 2026 17:45 UTC)

TRM Labs has reported that CoinEx processed a staggering $3.84 billion in crypto flows linked to Iran, which has raised significant concerns regarding the exchange's compliance and sanctions screening practices. This revelation highlights ongoing scrutiny in the cryptocurrency sector as regulators focus on potential violations. As the situation develops, the implications for CoinEx and the broader market remain to be seen.

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(UPDATED June 25, 2026 11:54 UTC)

A significant investigation has revealed that $3.8 billion was moved through the crypto exchange CoinEx by 60 sanctioned Iranian entities, with Iran's central bank linked to some of the involved wallets. Since 2019, over $3.84 billion in transactions have been traced through CoinEx, which has been noted for having an 8% share of illicit transactions, considerably higher than its competitors. This analysis was conducted by TRM Labs using public blockchain data to uncover these ongoing activities.